Retiring with CareSuper
Discover your choices for life after work.
Whether you’re planning on reducing your working hours or finishing up work altogether, we’re here to help you make the most of your situation and give you choices and control over how you receive your future income.
For most people, it will be when you stop (or wind down) paid work, including when you:
- Reach your preservation age (see the table below) and retire
- Turn 60 and stop working for an employer
- Turn 65.
| Date of birth | Preservation age |
|---|---|
| Before 1 July 1960 | 55 |
| 1 July 1960 - 30 June 1961 | 56 |
| 1 July 1961 - 30 June 1962 | 57 |
| 1 July 1962 - 30 June 1963 | 58 |
| 1 July 1963 - 30 June 1964 | 59 |
| After 30 June 1964 | 60 |
You may be allowed to access your super early under certain circumstances. Read Accessing your super for more information.
Yes, provided you qualify for the government age pension. If you’re eligible for all or part of the government age pension, then combining it with a CareSuper pension can work well. You can use the age pension to meet basic living costs and spending money can come from your CareSuper pension.
Eligibility for the government age pension depends on your age, residency status, and the income and assets tests. How much you receive is subject to the income you obtain from other sources (including your superannuation) and the value of your assets.
If you’re already a CareSuper member, you can open a CareSuper Pension through your MemberOnline account at any time.
If you’re not a CareSuper member or the pension tab isn’t showing up in MemberOnline, you can apply for an account by filling out an application form and posting it back to us with a copy of your bank details and certified ID. You can get the form by downloading the Pension Guide PDS.
If you’re setting up a transition to retirement strategy, select this option when you’re applying for your CareSuper Pension account.
Have another question in mind? Check out our Retirement FAQs.